Unemployment up to 9.8% in November, 39k jobs added

December 24, 2010 · Posted in Commentary 

The Bureau of Labor Statistics reported that the unemployment rate increased to 9.8% in November with 39,000 jobs added. Private sector employment increased by 50,000 jobs, while government cut 11,000 jobs.

Let’s breakdown the numbers:

  • The unemployment rate for high school drop outs was 15.7%, up from 15.3% last month.
  • 5.1% of college graduates were unemployed, up from 4.7% the previous month.
  • The jobless rate for high school graduates was 10.0%, down from 10.1%.
  • 10.0% of men 20 and over were unemployed, up from 9.7%.
  • Women 20 and over had an unemployment rate of 8.4%, up from 8.1%.
  • 24.6% of 16 to 19 year olds were unemployed, down from 27.1% last month.
  • Jobless rate among whites was at 8.9%, up from 8.8% last month.
  • 16.0% of blacks were jobless, up from 15.7% the prior month

The mediocre increase in employment was not enough to keep the unemployment rate from rising in November.

Be Sociable, Share!


Leave a Reply

You must be logged in to post a comment.

Get Adobe Flash player